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Advocard [28]
2 years ago
13

A partner can be held liable for a partnership obligation only if he or she participated in, or knew about, whatever it was that

gave rise to the obligation.
Business
1 answer:
Tju [1.3M]2 years ago
8 0

A partner <u>cannot</u> be held liable for a partnership obligation only if he or she participated in, or knew about, whatever it was that gave rise to the obligation.

<h3>What is partnership?</h3>

Partnership arrangements come in many different forms. One type of business where partners may have minimal liability is a partnership where all participants share profits and liabilities equally. Additionally, there is the so-called "silent partner," when one party does not participate in the day-to-day management of the company.

  • An agreement between two or more people to manage a business' operations and divide its assets and liabilities is known as a partnership.
  • All partners in a general partnership corporation split the company's assets and debts equally.
  • Lawyers and other professionals frequently create limited liability partnerships.

A partnership may have tax advantages over a corporation.

To learn more about partnership from the given link:

brainly.com/question/22848646

#SPJ4

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A

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Discuss the conditions and developments that affected the cattle industry during the last half of the nineteenth century.
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Answer:

Cattle ranchers were not very common during the early nineteenth century, most of them were actually Mexicans who ended up being thrown out of Texas after it became independent. They left their cattle behind and Texans claimed them for themselves. During the first part of the century beef wasn't very popular so the cattle was raised for its skin and tallow.

But then the civil war started and after the south lost, cattle had multiplied to over 5 million in Texas alone. There was really no market for beef in the southern states, but there was a huge market in the northern-eastern states.

Cattle trade began from Texas to Chicago and it generated a lot of money specially for the middlemen (Joseph McCoy was the most important one). The cattle was sent to Chicago using the railroads and the industry peaked by 1867. The factors that helped the beef industry were that more railroads were built, more land was available (native Americans were ejected from their lands) and refrigeration techniques improved.

But during the last years of the century the cattle industry collapsed (since middle 1880s) due to lower demand, a severe drought and more farmers settling in areas that previously had been used by cattle only. Since the cattle business became less profitable, farmers started to turn to agriculture instead of ranching.

7 0
3 years ago
The "Fashion Place" carries a carefully selected and distinctive assortment of traditional women's
In-s [12.5K]

Answer:

specialty-store.

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Based on the information provided within the question it seems that "The Fashion Place" is probably a specialty-store. These are stores that focus on selling a very specific category of product. Which is exactly what this store is doing by selling only clothes aimed for upper-class executive women's clothing (specialty).

5 0
3 years ago
Please help??
kondaur [170]
I think c is the correct answer
3 0
3 years ago
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If you were to design a range of athletic shoes for various sports activities, what key factors would you consider during the de
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Key factors:

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